JPMorgan Chase Reaches Out to Aid Victims of Haitian Earthquake

Firm Commits $1 Million for Rescue and Recovery, Encourages Employees to
Get Involved

January 14, 2010 01:22 PM Eastern Standard Time

NEW YORK--(BUSINESS WIRE)--Following a devastating earthquake in Haiti this week that resulted in
yet untold casualties and severe infrastructure damage, JPMorgan Chase
announced today that it would commit $1 million to the relief and
recovery of the country and encourage employees to contribute to the
rescue efforts.

“Our deepest sympathies go out to the people of Haiti,” said JPMorgan
Chase CEO and Chairman Jamie Dimon, who offered his condolences and the
bank’s support to Haitian Ambassador Raymond Joseph yesterday. “JPMorgan
Chase is offering our support today because a quick response following a
disaster like this is critical to saving lives. The American Red Cross,
CARE and World Vision are trusted organizations that are on the ground
now and will be there to support Haiti as they work through the
aftermath.”

JPMorgan Chase will provide a total of $250,000 for urgent relief care
from humanitarian aid organizations The
American Red Cross and CARE.
This will assist with efforts such as setting up temporary shelters,
offering medical assistance, helping with sanitation and handling the
most pressing issues immediately following the disaster.

The bank will donate an additional $500,000 for future recovery and
rebuilding efforts, split between CARE, The American Red Cross and aid
organization World
Vision. Exact allocations will be determined in the coming weeks
following a full assessment of the earthquake’s damage and the country’s
needs.

The bank also will encourage its more than 220,000 employees to
contribute to the relief efforts, matching up to a total of $250,000 of
employee contributions made to The American Red Cross or CARE via a
special employee donation website. Contributions eligible for the match
must be made via the website.

“The American Red Cross is rushing supplies and disaster management
staff to Haiti in the aftermath of this earthquake, and the generous
contribution of JPMorgan Chase is critical to our ability to provide
help and hope for people during their time of need,” said Gail McGovern,
President and CEO of the American Red Cross. “We are grateful for this
support of our humanitarian mission.”

“This is an extremely serious situation. We currently have 133 personnel
on the ground in Haiti and are deploying additional staff immediately to
distribute food, hygiene kits and water, as well as to deliver emergency
health services,” said Helene Gayle, President and CEO of CARE USA. “We
are extremely grateful to JP Morgan Chase for this tangible expression
of concern for the people of Haiti in this time of dire need.”

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2 trillion and operations in more than 60
countries. The firm is a leader in investment banking, financial
services for consumers, small business and commercial banking, financial
transaction processing, asset management and private equity. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves
millions of consumers in the United States and many of the world’s most
prominent corporate, institutional and government clients under its J.P.
Morgan and Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.